Walker & Dunlop
Senior Underwriter
– Walker & Dunlop Join to apply for the
Senior Underwriter
role at
Walker & Dunlop . Department
GSE Underwriting Department Overview
Walker & Dunlop is one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities – where people live, work, shop, and play – to life. We are committed to creating meaningful social, environmental, and economic change in our communities. The Impact You Will Have
A Senior Underwriter is responsible for underwriting mortgages on income‑producing property in the company’s multi‑family agency lines in order to support the achievement of the company’s loan production goals. The primary accountability is conducting a comprehensive and thorough analysis of each transaction which results in a prudent decision on whether or not to extend credit to a borrower. This is to be accomplished through the application of analytical techniques, research and pertinent underwriting guidelines through all stages of the underwriting process, including quotes, applications, underwriting, Loan Committee approval, closing and securitization or loan delivery. In fulfilling these responsibilities, the Senior Underwriter must comply with all Company underwriting guidelines and must be cognizant of Company representations and warranties made upon loan closings. Timely completion of all responsibilities of the Senior Underwriter is critical to the success of our business. Accordingly, Senior Underwriters are expected to work quickly and efficiently in moving loans from application to commitment and closing. Primary Responsibilities
Underwriting – After receipt of an application and fee from a borrower, the Senior Underwriter oversees the underwriting process including:
Establishing underwriting timeline in conjunction with the loan officer and closing coordinator. Overseeing generation of borrower’s checklist for the proper product type and introducing borrower to the information requirements. Selecting contractors and initiating the necessary third‑party reports for the underwriting process (e.g., appraisal, environmental, engineering). Conducting a due diligence review of issues relating to the property’s market, location, condition, borrower and principal’s mortgage credit issues, property management and other issues relevant to risks identified in items collected from the borrower’s checklist. Conducting a critical review and analysis of the appraisal, including a review of the market analysis, property description, real estate tax analysis, zoning analysis, and the comparable properties submitted. Conducting a critical review and analysis of the engineering report and environmental reports plus additional reports included as part of the underwriting including seismic studies, market studies, etc., as appropriate. Conducting site and market visits. Summarizing the transaction by preparing a presentation for the Loan Committee.
Management – Directly overseeing and training an underwriting analyst, including:
Managing timecard and PTO approval for the analyst. Training analyst on day‑to‑day underwriting tasks and credit review. Participating in the review process for the analyst. Communicating and problem‑solving daily with teammates, clients, vendors, and other stakeholders, often in combination with travel.
Performing other duties as assigned. Attendance is generally required from 8:30 am – 5:30 pm local time, Tuesday through Thursday, with the option to work remotely on Mondays and Fridays. Education And Experience
Bachelor’s degree required. 5+ years of relevant experience, including a good working knowledge of market factors relevant to multifamily property, including occupancies, rent levels, expense items and experience working with appraisers and engineering/environmental firms required. Underwriting experience with Fannie Mae and Freddie Mac required. Knowledge, Skills, and Abilities
Demonstrated knowledge of and experience in underwriting, including a strong working knowledge of key industry players, issues and trends, the ability to identify and underwrite key credit and sponsor related risks, and to evaluate alternative risks carefully when structuring a transaction. Demonstrated analytical skills with the ability to evaluate data quickly, make decisions based on imperfect data, and take action to assist the team in moving transactions forward. Excellent interpersonal and presentation skills and the ability to effectively communicate with all levels of management. Demonstrated commitment to innovation and change and willingness to take initiative to accomplish change. Demonstrated ability to develop and execute solutions to complex issues and transactions. Extensive multifamily experience across a wide range of financial and product executions. Demonstrated business management experience and the ability to provide leadership in closing deals. Ability to show ownership of work, take on challenges and acknowledge growth opportunities, and demonstrate patience when learning new processes. Courteous, respectful, and thoughtful teaming with colleagues and other stakeholders. This position has an estimated base salary of $95,000 – $110,000 plus discretionary bonus. An employment offer is based on the applicant’s relevant work experience, applicable knowledge, skills, abilities, internal equity, and alignment with market data. What We Offer
Opportunity to join one of Fortune Magazine’s Great Places to Work winners from 2015‑2023. Comprehensive benefit options that earned Walker & Dunlop the silver level of the 2022 Cigna Healthy Workforce Designation™. Up to 83% subsidized medical payroll deductions. Competitive dental and vision benefits. 401(k) + match. Pre‑tax transit and commuting benefits. A robust health and wellness program – earn cash rewards and gain access to resources that promote health, engagement, and balance. Paid maternity and parental leave, as well as other family paid leave programs. Company‑paid life, short and long‑term disability insurance. Health Savings Account and Healthcare and Dependent Care Flexible Spending. Career development opportunities. Empowerment and encouragement to give back – volunteer hours and donation matching. Eligibility may vary based on average number of hours worked. EEO Statement
We are committed to equity in all steps of the recruitment and employment experience. We believe in equal access to opportunities in our workplace. We do not tolerate discrimination, including harassment, based on any characteristic protected by applicable law, such as race, color, national origin, religion, gender identity, sexual orientation, sex, age, disability, veteran or military status, and genetic information, or any other characteristic protected by applicable law. We strive to be a safe place to ask questions, build professional relationships, and develop careers. SPAM
Please be wary of recruitment scams. An indication of a scam might be a request for sensitive or bank information at the time of application or emails coming from a non‑walkerdunlop.com email address. Please call us at 301.215.5500, if you have any concerns about information requested during or after the application process. Fair Chance Hiring
Background checks, including any questions related to infractions, arrests, or conviction records, will not be conducted until after a conditional offer of employment has been accepted. We will consider for employment qualified applicants regardless of arrest and conviction records, in accordance with federal, state, and local laws.
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– Walker & Dunlop Join to apply for the
Senior Underwriter
role at
Walker & Dunlop . Department
GSE Underwriting Department Overview
Walker & Dunlop is one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities – where people live, work, shop, and play – to life. We are committed to creating meaningful social, environmental, and economic change in our communities. The Impact You Will Have
A Senior Underwriter is responsible for underwriting mortgages on income‑producing property in the company’s multi‑family agency lines in order to support the achievement of the company’s loan production goals. The primary accountability is conducting a comprehensive and thorough analysis of each transaction which results in a prudent decision on whether or not to extend credit to a borrower. This is to be accomplished through the application of analytical techniques, research and pertinent underwriting guidelines through all stages of the underwriting process, including quotes, applications, underwriting, Loan Committee approval, closing and securitization or loan delivery. In fulfilling these responsibilities, the Senior Underwriter must comply with all Company underwriting guidelines and must be cognizant of Company representations and warranties made upon loan closings. Timely completion of all responsibilities of the Senior Underwriter is critical to the success of our business. Accordingly, Senior Underwriters are expected to work quickly and efficiently in moving loans from application to commitment and closing. Primary Responsibilities
Underwriting – After receipt of an application and fee from a borrower, the Senior Underwriter oversees the underwriting process including:
Establishing underwriting timeline in conjunction with the loan officer and closing coordinator. Overseeing generation of borrower’s checklist for the proper product type and introducing borrower to the information requirements. Selecting contractors and initiating the necessary third‑party reports for the underwriting process (e.g., appraisal, environmental, engineering). Conducting a due diligence review of issues relating to the property’s market, location, condition, borrower and principal’s mortgage credit issues, property management and other issues relevant to risks identified in items collected from the borrower’s checklist. Conducting a critical review and analysis of the appraisal, including a review of the market analysis, property description, real estate tax analysis, zoning analysis, and the comparable properties submitted. Conducting a critical review and analysis of the engineering report and environmental reports plus additional reports included as part of the underwriting including seismic studies, market studies, etc., as appropriate. Conducting site and market visits. Summarizing the transaction by preparing a presentation for the Loan Committee.
Management – Directly overseeing and training an underwriting analyst, including:
Managing timecard and PTO approval for the analyst. Training analyst on day‑to‑day underwriting tasks and credit review. Participating in the review process for the analyst. Communicating and problem‑solving daily with teammates, clients, vendors, and other stakeholders, often in combination with travel.
Performing other duties as assigned. Attendance is generally required from 8:30 am – 5:30 pm local time, Tuesday through Thursday, with the option to work remotely on Mondays and Fridays. Education And Experience
Bachelor’s degree required. 5+ years of relevant experience, including a good working knowledge of market factors relevant to multifamily property, including occupancies, rent levels, expense items and experience working with appraisers and engineering/environmental firms required. Underwriting experience with Fannie Mae and Freddie Mac required. Knowledge, Skills, and Abilities
Demonstrated knowledge of and experience in underwriting, including a strong working knowledge of key industry players, issues and trends, the ability to identify and underwrite key credit and sponsor related risks, and to evaluate alternative risks carefully when structuring a transaction. Demonstrated analytical skills with the ability to evaluate data quickly, make decisions based on imperfect data, and take action to assist the team in moving transactions forward. Excellent interpersonal and presentation skills and the ability to effectively communicate with all levels of management. Demonstrated commitment to innovation and change and willingness to take initiative to accomplish change. Demonstrated ability to develop and execute solutions to complex issues and transactions. Extensive multifamily experience across a wide range of financial and product executions. Demonstrated business management experience and the ability to provide leadership in closing deals. Ability to show ownership of work, take on challenges and acknowledge growth opportunities, and demonstrate patience when learning new processes. Courteous, respectful, and thoughtful teaming with colleagues and other stakeholders. This position has an estimated base salary of $95,000 – $110,000 plus discretionary bonus. An employment offer is based on the applicant’s relevant work experience, applicable knowledge, skills, abilities, internal equity, and alignment with market data. What We Offer
Opportunity to join one of Fortune Magazine’s Great Places to Work winners from 2015‑2023. Comprehensive benefit options that earned Walker & Dunlop the silver level of the 2022 Cigna Healthy Workforce Designation™. Up to 83% subsidized medical payroll deductions. Competitive dental and vision benefits. 401(k) + match. Pre‑tax transit and commuting benefits. A robust health and wellness program – earn cash rewards and gain access to resources that promote health, engagement, and balance. Paid maternity and parental leave, as well as other family paid leave programs. Company‑paid life, short and long‑term disability insurance. Health Savings Account and Healthcare and Dependent Care Flexible Spending. Career development opportunities. Empowerment and encouragement to give back – volunteer hours and donation matching. Eligibility may vary based on average number of hours worked. EEO Statement
We are committed to equity in all steps of the recruitment and employment experience. We believe in equal access to opportunities in our workplace. We do not tolerate discrimination, including harassment, based on any characteristic protected by applicable law, such as race, color, national origin, religion, gender identity, sexual orientation, sex, age, disability, veteran or military status, and genetic information, or any other characteristic protected by applicable law. We strive to be a safe place to ask questions, build professional relationships, and develop careers. SPAM
Please be wary of recruitment scams. An indication of a scam might be a request for sensitive or bank information at the time of application or emails coming from a non‑walkerdunlop.com email address. Please call us at 301.215.5500, if you have any concerns about information requested during or after the application process. Fair Chance Hiring
Background checks, including any questions related to infractions, arrests, or conviction records, will not be conducted until after a conditional offer of employment has been accepted. We will consider for employment qualified applicants regardless of arrest and conviction records, in accordance with federal, state, and local laws.
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